Industrial production down by 0.8% in March 2016 in Euro Area

Industrial production down by 0.8% in March 2016 in Euro Area

In March 2016 compared with February 2016, seasonally adjusted industrial production fell by 0.8 % in the euro area (EA19) and by 0.5 % in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February 2016 industrial production fell by 1.2 % in the Euro Area and by 1.0 % in the EU28

Graph-1

In March 2016 compared with March 2015, industrial production increased by 0.2 % in the euro area and by 0.3 % in the EU28

The decrease of 0.8 % in industrial production in the euro area in March 2016, compared with February 2016, is due to production of non-durable consumer goods falling by 1.9 %, capital goods by 1.1%, intermediate goods by 0.8 % and durable consumer goods by 0.4 %, while production of energy rose by 2.0 %.

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In the EU28, the decrease of 0.5 % is due to production of non-durable consumer goods falling by 1.4%, both intermediate and capital goods by 0.7 % and durable consumer goods by 0.5 %, while production of energy rose by 1.7 %.

Among Member States for which data are available, the largest decreases in industrial production were registered in Ireland (-11.2 %), Lithuania (-3.5 %) and Estonia (-3.3 %), and the highest increases in Croatia (+5.0 %), Latvia (+4.3 %), the Czech Republic (+1.4 %) and Spain (+1.3 %).

Graph-3

The increase of 0.2% in industrial production in the Euro Area in March 2016, compared with March 2015, is due to production of capital goods rising by 1.6 % and both intermediate goods and durable consumer goods by 1.1 %, while production of energy fell by 0.7 % and non-durable consumer goods by 3.0 %.

Graph 5

In the EU28, the increase of 0.3 % is due to production of capital goods rising by 1.8 %, durable consumer goods by 1.4 % and intermediate goods by 0.7 %, while production of energy fell by 0.4 % and non-durable consumer goods by 2.5 %.

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Among Member States for which data are available, the highest increases in industrial production were registered in Croatia (+6.9 %), Sweden (+4.9 %) and Slovenia (+4.4 %) and the largest decreases in Ireland (-10.6 %), Malta (-5.4 %), Estonia (-4.8 %) and Greece (-4.1 %).

http://ec.europa.eu/eurostat/


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